Oil Prices Plunge Over 3% Amid OPEC+ Production Cut Plans
TL;DR Summary
Nvidia unveiled its new AI chip Rubin, while GameStop shares surged on speculation of a large position by Keith Gill. OPEC+ extended crude production cuts into 2025, and the Dow Jones had its best day in 2024 due to cooling inflation. Former President Trump was found guilty on 34 felony counts, impacting his media company's stock. South Korea's Kospi rose on news of a potential massive oil and gas reserve discovery.
- CNBC Daily Open: Nvidia's new chip, GameStop soars CNBC
- Oil falls 3% on OPEC production cut as demand worries surface Yahoo Finance
- Oil Prices Shed Over 3% As Market Digests OPEC Move OilPrice.com
- U.S. crude oil falls more than 3% as OPEC+ plans to phase out voluntary production cuts CNBC
- Exclusive | OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices The Wall Street Journal
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